A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery has...
A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery has a service life of 7 years. Develop a depreciation table for this asset according to MACRS.
Please show all work including formulas used. Thanks!
Homework Answers
We can get the MACRS rate from the table and then multiply the rate with the amount.
For example in first year depreciation will be equal to
455,000 × 0.1429 = $ 65,019.50
Like wise we can calculate for all the years.
BV at the end of year
First year, 455,000 - 65,019.50 = $ 389,980.50
Second year, $ 389,980.50 - 111,429.50 = $ 278,551
Third year, $ 278,551 - 79,579.50 = 198,971.50
Likewise we can calculate the EOY for all the years.
Please contact if having any query will be obliged to you for your generous support. Your help mean a lot to me, please help. Thank you.
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A company is buying machinery for their manufacturing floor that
is worth $455,000. The machinery has...
A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery has...
A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery has a service life of 7 years. Develop a depreciation table for this asset according to MACRS.
5. A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery...
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method. Depreciation expense $ LINK TO TEXT Compute 2017
depreciation expense using the double-declining-balance method,
assuming the machinery was purchased on October 1, 2017. (Round
answer to 0 decimal places, e.g. 5,125.) Depreciation expense $
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TEXT Compute 2017 depreciation expense using the
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